Handelsbanken Fonder AB Has $105.82 Million Stock Position in Dynatrace, Inc. (NYSE:DT)

Handelsbanken Fonder AB decreased its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 14.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,244,400 shares of the company's stock after selling 367,000 shares during the period. Handelsbanken Fonder AB owned 0.75% of Dynatrace worth $105,823,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Dynatrace by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company's stock worth $1,639,260,000 after buying an additional 484,877 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Dynatrace by 5.6% in the fourth quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company's stock worth $508,811,000 after buying an additional 493,987 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Dynatrace by 10.2% in the fourth quarter. American Century Companies Inc. now owns 7,570,364 shares of the company's stock worth $411,449,000 after buying an additional 700,332 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Dynatrace by 13.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company's stock worth $381,860,000 after buying an additional 834,225 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Dynatrace by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company's stock worth $282,985,000 after buying an additional 87,857 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Activity at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the sale, the executive vice president now directly owns 17,242 shares in the company, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.59% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on DT. Jefferies Financial Group reiterated a "buy" rating on shares of Dynatrace in a research note on Wednesday, May 14th. Stifel Nicolaus lifted their price objective on Dynatrace from $65.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Royal Bank of Canada lifted their price objective on Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Rosenblatt Securities reiterated a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group boosted their price target on Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $61.75.

Dynatrace Price Performance

Shares of DT traded down $0.27 on Wednesday, hitting $53.89. The company's stock had a trading volume of 2,997,750 shares, compared to its average volume of 3,059,145. The company has a market capitalization of $16.15 billion, a PE ratio of 33.68, a PEG ratio of 7.05 and a beta of 0.92. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The company has a 50 day moving average price of $48.68 and a 200 day moving average price of $52.65.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $445.17 million for the quarter, compared to the consensus estimate of $435.14 million. Dynatrace had a return on equity of 8.98% and a net margin of 29.51%. The business's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS. On average, equities analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current year.

Dynatrace Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.